PowerBuild Signs Exclusive Distribution Deal with Bulgaria's Monbat AD for VRLA Batteries
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Time Technoplast's subsidiary PowerBuild Batteries has entered an exclusive distribution agreement with Monbat AD, a listed Bulgarian battery maker from the Prista Oil Group. PowerBuild will exclusively distribute Monbat's maintenance-free VRLA batteries in India, targeting data centres, IT infrastructure, BFSI, and mission-critical industrial applications. Management estimates a market opportunity of about 3,500 to 4,000 crore over the next decade, supported by India's data centre capacity expansion of around 3 to 3.5 GW.
Positive for growth, gives PowerBuild access to European battery tech and a sizable new addressable market in data centres and BFSI segments.